Photo: RNZ / Samuel RillstoneThe government has agreed to set aside $216 million it may need to pay for tax cuts for heated tobacco products (HTPs). The excise tax cut is something tobacco giant Philip Morris has lobbied for in the past. But Health Ministry officials warned the minister against liberalising the regulation of HTPs, prior to the excise tax cut. The excise tax cut would be trialled for a year to see if it helped people to stop smoking. Instead, the Ministry for Regulation and the Health Ministry would do a "post implementation review" on the excise tax cut after a year.

Source: Stuff July 30, 2024 02:38 UTC